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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (2163)	10/19/2000 8:51:31 AM
From: Enigma	Read Replies (1) \| Respond to of 3558

Yes - but it's the cash flow which allows the company to spend hundreds of millions without resorting to debt financing - or issuing additional equity - especially at these levels. And in the case of Barrick we have the classic glass half empty/half full scenario - the end of the world -or a screaming buy - approaching its old low. And in terms of stock price Barrick is doing better than its major competitors on the basis of the last 12 months - see my recent post. Nornally at this low price of gold - you'd expect a slew of mine closings, but in this recent cycle we've seen the erosion of currency values in SA, Australia, Canada to name three - where mining in local currency terms is still profitable or at worst marginal.